FIF News

FIX/FIF CAT Working Group Mapping/Extension Pack

The FIX/FIF CAT Working Group has recently published a Phase 2a CAT message-to-FIX message recommended mapping document along with an associated extension pack (EP 253).  Please note that you must register with to access the extension pack.  Our intent is to reconvene this working group shortly to address unmapped handing instructions, FDID, and Phase 2c.  If you are interested in joining this working group, please email the program office at

Posted Feb 18, 2020

FIF Holds First Reg Best Interest Meeting of 2020

FIF will hold its first Reg Best Interest Working Group Meeting of 2020 on Wednesday the 12th at 11am ET. Wednesday's meeting will focus on application of recent guidance offered by FINRA and the SEC. If you would like to be involved in this group, please feel free to reach out to the program office at or update your profile.

Posted Feb 10, 2020

FINRA CAT Publishes Updated Tech Specs

On Friday, January 31, the SROs/FINRA CAT published several updated CAT Technical Specifications, including: Phase 2c CAT Technical Specification (Final) and Redlined Spec, Final LTID Spec, Updated Phase 2a and Phase 2b Spec and Redlined Spec. FIF will begin to review the specifications during the Wednesday, February 5th FIF CAT Tech Spec Requirements Working Group meeting.

Posted Feb 03, 2020

FIF Reg E Remittance Transfer Working Group

The Consumer Financial Protection Bureau (CFPB) promulgated a notice of proposed rulemaking intended to mitigate the effects of the expiration of a statutory exception in the Remittance Rule. Specifically, the exception allows insured institutions to disclose estimates instead of exact amounts to consumers, and to increase a safe harbor threshold in the Rule related to whether a person makes remittance transfers in the normal course of its business. This exception expires on July 21, 2020. FIF is resurrecting our Reg E Remittance Transfers Working Group to discuss potential effects of the proposed amendments to the remittance transfer provisions of Reg E on broker-dealers. FIF will hold a kick-off call on Tuesday, February 4th at 11:00 am ET. If you would like to join this working group and are not yet subscribed, please update your profile here or email the program office at  

Posted Feb 03, 2020

CAT Tech Spec Requirements Working Group – Anticipated 2020 Meeting Schedule

FIF is planning on bifurcating the topics that will be covered during our bi-weekly CAT Tech Spec Working Group meetings moving forward.  Wednesday’s meetings will focus on Phase 2c implementation analysis.  Friday’s meetings will focus upon remaining specification related issues (i.e. handing instructions, allocations).  FIF will disseminate a more detailed announcement to our working group shortly.

Posted Jan 27, 2020